subsidy SUHB-si-dee noun WS #39

a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive; financial assistance or support

1. The government provided a subsidy to farmers to help them recover from the devastating drought.
2. The renewable energy company received a substantial subsidy to develop solar panel technology.
3. The airline industry requested emergency subsidies during the economic crisis to avoid massive layoffs.
4. Without the housing subsidy, many low-income families would be unable to afford decent accommodations.
5. The subsidy for electric vehicles encouraged consumers to choose environmentally friendly transportation options.